CoinW is a globally recognized cryptocurrency exchange with a strong presence in the U.S., Europe, and Asia. The platform boasts a user base of over 7 million active traders in more than 120 countries who are attracted to its diverse range of trading instruments, innovative investment solutions, and robust web and mobile interfaces. This article will outline some must-known facts from a customer’s point of view about this exchange, hence, a CoinW review with the highest level of fairness.
CoinW is a cryptocurrency exchange that is widely popular worldwide, with its headquarters in the British Virgin Islands. The exchange operates in 120 countries and supports multiple languages, including English and Chinese. The platform supports deposits in U.S. dollars, Korean wones, Chinese yuans, and Vietnamese dongs.
The exchange facilitates trading cryptocurrencies with other cryptocurrencies, including Bitcoin, Litecoin, Ether, and numerous altcoins. The exchange’s mining pool is consistently expanding. CoinW also offers cryptocurrency futures and exchange-traded funds (ETFs). The fees charged by CoinW are average, and users can reduce their fees further as their trading volume increases.
CoinW also offers various solutions for mining and staking, including hybrid programs with interest rates of up to 20%. The platform enables large investors to participate in venture projects at the Bigtime and Memusic levels. CoinW also has a lucrative referral program.
Information About CoinW
- Founded: In 2017
- Founders: Bai Mingguo
- Platform Principle: empowering blockchain technology and financial transformation” and “helping users to increase wealth.
- Account currency: U.S. dollars, Korean wones, Chinese yuans, Vietnamese dongs, and cryptocurrencies
- Minimum deposit: 0.001 BTC
- Leverage: Up to 1:20
- Commission: Market
- Instruments: Cryptocurrencies
- Margin Call / Stop Out: No
Pros and Cons of CoinW
CoinW is a cryptocurrency exchange that has been in operation since 2017 and has a license from the British Virgin Islands, where its headquarters is located. The exchange has a strong reputation for being client-focused and has not had any unsolved conflicts with clients. CoinW currently serves over 7 million active users in 120 countries, making it one of the most popular exchange platforms.
CoinW stands out from other exchanges because of its investment activities. The exchange offers a variety of staking and mining programs, some of which are permanent with flexible terms. Users can add or withdraw deposits anytime, with moderate interest rates ranging from 5-20%. The exchange also has a high level of diversification of financial risks, which has helped promote over 400 successful startup companies to the global arena.
Regarding trading conditions, CoinW offers a vast selection of cryptocurrency instruments, including coins, futures for cryptocurrencies, and ETFs. Deposits can be made in both crypto and basic fiat currencies. CoinW charges no fees for deposits, and withdrawal fees are favorable. Trading fees are below average, and if the trading volume exceeds 86,800 CWT (the platform’s native token), the fee reduces to 0.01% in 30 days.
However, the platform does not offer crypto-fiat pairs and lacks a call center or email support. Instead, users can contact technical support through Telegram, Twitter, or LiveChat. Despite this, the exchange has a helpful FAQ section with answers to most exchange-related questions. CoinW’s referral program has attractive terms, with the invited user receiving a one-time payment of 500 USDT to their account and the inviter permanently receiving 1 USDT for each transaction made by the referral. Active promoters can also take advantage of the regular giveaway of 2,000 USDT.
Overall, CoinW is a reliable exchange that is recommended for active novice traders and investors of different levels, thanks to its vast selection of cryptocurrency instruments and investment activities with moderate interest rates and diversified financial risks.
CoinW offers a wide range of investment solutions, with a focus on staking programs. These programs come in various forms, including fixed, flexible, and hybrid options. However, what sets CoinW apart from other platforms is its unique investment offerings through its proprietary wallet, HyperPay. The wallet is equipped with built-in features that allow users to invest in a variety of cryptocurrencies that utilize the PoS (Proof of Stake) protocols. This enables users to earn passive income by simply holding their funds in the wallet, without any associated risks.
How Does CoinW Staking Work?
Staking is a popular alternative to mining that doesn’t require large computing capacities. Unlike mining, where processing transactions earn new coins, staking requires investors to have already coins to invest. By providing their funds to the staking pool, investors can earn interest on their investments. In addition to staking, many startup companies take out development loans in PoS cryptocurrencies and pay deposit interests to investors in fixed or variable periods.
CoinW offers a variety of staking programs, including DOGE mining, SUN mining, and USDT/MATIC hybrid mining. DOGE mining requires deposits for 21 or 42 days with adjustable interest rates of 3-7%, while SUN mining requires deposits for variable periods with adjustable interest rates of 5-7%. The USDT/MATIC hybrid mining program requires deposits for 42 days with adjustable interest rates of 15-18%. All programs are permanent.
In addition to staking, CoinW has a division called CoinW Ventures, which works with large venture projects. Any registered and verified user, regardless of their activity level or trading volume, can invest in CoinW Ventures. Long-term large investments are discussed on an individual basis. Some of the leading projects of this division include Tradelize, AMARA, ClearDao, Oort Digital, and others.
CoinW’s Affiliate Program
CoinW’s affiliate program allows users to earn rewards for inviting new users to the platform. The referral program offers favorable terms to both the invited user and the inviter. The invited user receives a one-time payment of 500 USDT to their account, and the inviter permanently gets 1 USDT for each transaction made by the referral. Additionally, for those who actively invite users to the platform, there is a regular giveaway of 2,000 USDT.
The referral program is a great way to earn extra income for both novice traders and experienced investors. CoinW’s favorable terms make it easy for users to invite their friends and family to the platform and earn rewards for their efforts. It is important to note that the referral program is subject to certain terms and conditions, which users should familiarize themselves with before participating.
To elaborate, CoinW offers a large number of cryptocurrency trading instruments, including futures for cryptocurrencies and ETFs. The platform allows users to make deposits in cryptocurrency and basic fiat currencies, and there are no deposit fees. Withdrawal fees are also favorable. Trading fees are below average and reduce as the trading volume grows.
However, the platform does not offer crypto-fiat pairs, which can be a disadvantage for some traders. Additionally, technical support can only be contacted through Telegram, Twitter, or LiveChat, as no call center or email support is available.
CoinW is a good option for active novice traders and investors of different levels due to its low fees and diverse investment programs.
CoinW VIP Benefits
CoinW‘s VIP is a special identity that will be ascribed to some users. Become a VIP to get more rights and better exclusive services!
At present, CoinW will open a series of special rights to each VIP user, mainly involving three aspects: transactions, CoinW ecology and user value-addition. The following is a list of CoinW’s major customers’ rights and interests. You can see all the available membership rights here:
- Free spot transaction fee.
- 50%-70% contract transaction fee refund.
- Up to 60% commission for future invitations.
- Regular high interest rate financing.
- VIPs can enjoy the exclusive quota of FansUp SGD.
- Enjoy large withdrawal amount.
- Have exclusive OTC channel.
- VIP exclusive trading activities.
Brand Ecological Benefits:
- CoinW Global Partner opportunity.
- CoinW offline meetup attendance.
- Quotes from CoinW Research Institute.
Increase in Value Benefits:
- Exclusive industry research report.
- Exclusive personal trading weekly report.
- Exclusive personal trading weekly report.
- Birthday gifts.
- Holiday gifts.
CoinW Commissions & Fees
CoinW’s trading fees are based on a tiered system, where the fee percentage decreases as the trading volume increases. At the start, both makers and takers pay a 0.2% fee on each transaction. As the trading volume increases, the fee percentage decreases, with the lowest fee of 0.01% being available to traders who reach a trading volume of 86,800 CWT or more within a 30-day period. This incentivizes traders to be more active on the platform to benefit from the lowest possible fees.
Cryptocurrency exchange CoinW gives all registered users bonuses and discounts, which can be obtained under certain conditions.
Discounts on trade commissions
Discounts on trading commissions are available to internal CWT platform token holders. To get the discount you need to purchase tokens in a single purchase and keep them in your account for at least 30 days. The trading commission discount depends on the account level, which in turn depends on the amount of CWT in the account. You can get the maximum discount with a purchase of 86800 CWT or more. The trade commission for a level 6 account is 0.01%.
Prizes for ETH trading
Bet on the rise or fall of ETH in the trading pair ETH/USDT and if your prediction is correct, you will win a prize. The prize pool is $10,000, which is divided among all winning participants.
Prizes for futures trading
Trade futures every day and get guaranteed prizes of 10 to 100 USDT. All users who trade futures every day for 15 consecutive days participate in the promotion.
Bonus 500 USDT
Fill in the questionnaire on the website of crypto exchange and get 500 USDT to your account as a gift. To get a gift you need to answer all questions as fully and clearly as possible.
Invite friends to the exchange CoinW and receive passive income up to 40% from trading commissions paid by referral within 6 months.
Is CoinW a scam?
CoinW - is a well-known Singapore cryptocurrency exchange offering traders a variety of trading instruments and a large selection of digital assets. You can buy cryptocurrency from a credit card or open a deposit from an existing cryptocurrency wallet to work on the exchange. The exchange supports spot and futures trading and gives registered users bonuses and discounts.
Having analyzed the work of the service, reviews of the cryptocurrency exchange, as well as legal information, we came to the conclusion that CoinW is not a scam. The cryptocurrency exchange has been successfully operating since 2017 and shows a stable daily trading volume. As of 2022, the exchange has 6 million registered users from 120 countries.
In conclusion, I would like to note that the cryptocurrency exchange CoinW - is one of the few services where you can make money on promising new cryptocurrencies. By buying new coins at the early stages, you can get a return of thousands of percent when you sell them after a certain period of time. You should know that the exchange only lists verified crypto-assets, which are checked by a special team of analysts. If you also want to become a successful trader and start earning on cryptocurrencies, register on CoinW, make a deposit, buy the platform's internal token and enjoy all the privileges of the service.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.